After Hours Summary: AIG +6.7% jumps as it plans separation and names new CEO; VRNS +9.5%, TNET +9.3%, FFIV +4.9% up on earningsAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: LRN +9.9% (also reports strong enrollment data), VRNS +9.5%, TNET +9.3%, SSD +7.8%, TBI +6.3%, FFIV +4.9%, NXPI +3.1%, MC +2.7%, ACC +2.1%, OMF +1.7%, AGNC +1.1%, BRO +0.9%, BYD +0.7%, AMKR +0.4%, CR +0.2%, FIX +0.1% (also increases dividend slightly), NOV +0.1%, AJRD +0.1%
Companies trading higher in after hours in reaction to news: AIG +6.7% (to pursue separation of Life & Retirement business; names new CEO), BGS +6.1% (BGS to acquire SJM's Crisco business for $550 mln in cash), LVS +3.8% (exploring the sale of its flagship casinos in Las Vegas, according to Bloomberg), VNDA +2.6% (FDA approves IND application to evaluate VSJ-110 for allergic conjunctivitis), RARE +2% (announces Phase 1/2 GTX-102 study protocol will be amended), SJM +2% (BGS to acquire SJM's Crisco business for $550 mln in cash), IBP +0.9% (acquires Norkote), NK +0.8% (new CEO), X +0.5% (announces successful start-up of EAF facility), PUMP +0.2% (new CFO), JCAP +0.1% (shareholders approve acquisition by NexPoint)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PCH -6.9%, DXCM -6% (guides Q3 revs above consensus; also Chief Commercial Officer to retire), CHGG -4.8%, TCF -4.8% (also CEO to retire), HLIT -4.4%, PFG -3.5%, TWLO -1.7%, PKG -1.5%, MEDP -1.1%, QTS -0.2%
Companies trading lower in after hours in reaction to news: CATB -63.2% (Phase 3 PolarisDMD trial primary endpoint was not met), MRTX -3.6% (stock offering), ALTG -0.5% (stock offering), AZZ -0.1% (announces divestiture of AZZ SMS business), AFG -0.1% (enters into block reinsurance agreement with Global Atlantic), SCS -0.1% (detected a cyberattack on its IT systems)